A Panel Data Test of the Bank Lending Channel in Sweden

In this paper, we test the bank lending channel of monetary policy transmission in Sweden. Using a panel of bank balance sheet data covering the period 1998:M1 to 2003:M6, we test for bank loan supply shifts by segregating banks by asset size, liquidity and capitalization. The main result is that small, illiquid and undercapitalized banks are significantly affected by monetary policy, which supports the hypothesis of the bank lending channel

MoreLess

Year of publication:	2003-11-10
Authors:	Westerlund, Joakim
Institutions:	Nationalekonomiska Institutionen, Ekonomihögskolan
Subject:	Monetary Transmission \| Bank Lending Channel

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Papers Number 2003:16 18 pages
Classification:	C33 - Models with Panel Data ; E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; F42 - International Policy Coordination and Transmission ; G21 - Banks; Other Depository Institutions; Mortgages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005645172